/ Kaveri Seeds Total Income Dips By 2.7% Stock Slips By 1.21% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 31 January 2017

Kaveri Seed Company Limited, an India-based seed company, has declared its Q3FY17 results on Tuesday while the market activity was in full swing.

Following are the highlights of its Q3 results:

Net profit stands at Rs 5.2 crore versus 12.6 crore (YoY); whereas total income stands at Rs 67.9 crore versus Rs 69.8 crore, down by 2.7%.

Formally incorporated in the year 1986, Kaveri Seeds is one of the fastest growing seeds company in India with a wide network of 15000 distributors and dealers spread across the length and breadth of the country; and boasts of a superlative product line based on the neo technology of hybridisation. Kaveri Seed Company Ltd ended at Rs 458.8, down by Rs 5.15 or 1.11% from its previous closing of Rs 463.95 on the BSE.

The scrip opened at Rs 459.05 and touched a high and low of Rs 477.55 and Rs 447.9 respectively. A total of 1337724(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3203.81 crore.

The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 499 on 27-Jan-2017 and a 52 week low of Rs 310.05 on 29-Jan-2016. Last one week high and low of the scrip stood at Rs 499 and Rs 458.85 respectively. The promoters holding in the company stood at 57.49 % while Institutions and Non-Institutions held 29.39 % and 13.12 % respectively. The stock traded above its 50 DMA.

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